ExxonMobil

01 July 2017

ExxonMobil reported positive results on the Muruk-1 sidetrack well in the Papua New Guinea (PNG) North Highlands, 13 miles northwest of the Hides gas field. Drilled to a depth of 13,550 ft, the recent well lies southwest of the late-2016 Muruk-1 natural gas discovery. The sidetrack well success “confirms the extent of the Muruk area and further establishes Muruk as a potentially significant new discovery with the same high-quality sandstone reservoirs as the Hides field,” said Steve Greenlee, president of ExxonMobil Exploration Company. Hides is one of three fields that supplies the company-operated PNG LNG development. Oil Search is the operator of the Muruk wells with a 37.5% interest, with ExxonMobil (42.5%) and Santos (20%) the other participants.